Wednesday, August 27, 2008

Another screaming need for transparency

The Interim Joint Committee on State Government is discussing how horrible Kentucky's retirement plan investment performance has been for the last ten years.

I wish someone would explain to me why we shouldn't open up that investment process to the public rather than keeping it shrouded in secrecy and, I might add, something less than mediocrity.

We could set up a website and let interested citizens vote on investment opportunities and do better than the "professionals" we are paying big bucks to manage our money. Heck, we could feed a couple of monkeys a half dozen bananas and let them throw darts at the Wall Street Journal and get better returns.

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